Freed

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The FREED project is a public shared economy platform for efficient utilization of computing resources by non-monetary motivation of resource owners. Bitcoin mining uses up more power than 159 countries in the world 1. The computing power of Bitcoin network is 14 million TeraHashes per second, for Ethereum 150,000 GigaHashes 2 that means an equivalent of 5 million 1080 Ti cards. The total amount of computers involved in supporting blockchain transactions is calculated in the tens of millions. The Bitcoin network alone generates 1800 Bitcoins per day 3, that’s about $30 million per day and 10 billion per year. Even if a blockchain project does not use mining it has to support the infrastructure.